Welcome! John Boik is the award-winning author of Lessons from the Greatest Stock Traders of All
Time (McGraw-Hill, 2004), which was chosen by Barron's as one of the Best Books of 2004. His second
title How Legendary Traders Made Millions (McGraw-Hill, 2006), was released in April 2006. His latest
title, Monster Stocks (McGraw-Hill, 2008), was released in October 2007, in which RIMM and CROX were
chosen as two of three stocks during the final writing in 2006 based on how past leaders acted at the start
of their runs. During the year of book publication (2007), both increased over 300% before topping in
classic Monster Stock fashion with the market. All three books are featured on Investor's Business Daily's
web site.
Time (McGraw-Hill, 2004), which was chosen by Barron's as one of the Best Books of 2004. His second
title How Legendary Traders Made Millions (McGraw-Hill, 2006), was released in April 2006. His latest
title, Monster Stocks (McGraw-Hill, 2008), was released in October 2007, in which RIMM and CROX were
chosen as two of three stocks during the final writing in 2006 based on how past leaders acted at the start
of their runs. During the year of book publication (2007), both increased over 300% before topping in
classic Monster Stock fashion with the market. All three books are featured on Investor's Business Daily's
web site.
| JOHN BOIK |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
July 23, 2010: The market's recent attempt to change and sustain an uptrend after topping in late April
(see the MS Extra tab) and sliding into a major correction (defined as being between 15%-20% off
its peak) is now improving. Several earlier attempts failed, as the market continuously made lower
highs and lower lows since it topped in late April. But a hint of stronger buying power has shown up
and some newer fundamentally sound stocks are stepping up as leaders. The ones that held up well
during the correction are now moving into new categories - a strong positive. Check the Monster
Stock tab for a select list. Also, to sustain a healthy uptrend you need a positive NH/NL ratio. This
too has improved and widened on a positive basis. Keep an eye on this key stat to see if it can retain
that type of action.
(see the MS Extra tab) and sliding into a major correction (defined as being between 15%-20% off
its peak) is now improving. Several earlier attempts failed, as the market continuously made lower
highs and lower lows since it topped in late April. But a hint of stronger buying power has shown up
and some newer fundamentally sound stocks are stepping up as leaders. The ones that held up well
during the correction are now moving into new categories - a strong positive. Check the Monster
Stock tab for a select list. Also, to sustain a healthy uptrend you need a positive NH/NL ratio. This
too has improved and widened on a positive basis. Keep an eye on this key stat to see if it can retain
that type of action.
READING THE MARKET: